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Segment Information and Geographic Areas | 12 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Information and Geographic Areas | NOTE 17 – SEGMENT INFORMATION AND GEOGRAPHIC AREAS The Company has identified three global regions or segments for its products and services; North America, Europe, and Asia-Pacific. The reportable segments are business units located in different global regions. Each business unit provides similar products and services; license fees for leasing and asset-based software, related maintenance fees, and implementation and IT consulting services. Separate management of each segment is required because each business unit is subject to operational issues and strategies unique to their particular regional location. We account for intercompany sales and expenses as if the sales or expenses were to third parties and eliminate them in consolidation. The following table presents a summary of identifiable assets as of June 30, 2016 and 2015:
|  | As of June 30, |  |  | As of June 30, |
|  | 2016 |  |  | 2015 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 3,646,160 |  |  | $ | 4,896,334 |
North America |  |  | 6,845,444 |  |  |  | 7,162,846 |
Europe |  |  | 7,857,427 |  |  |  | 6,631,945 |
Asia - Pacific |  |  | 75,000,384 |  |  |  | 70,271,209 |
Consolidated |  | $ | 93,349,415 |  |  | $ | 88,962,334 |
The following table presents a summary of operating information for the years ended June 30:
|  | 2016 |  |  | 2015 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |
North America |  | $ | 5,464,740 |  |  | $ | 5,535,183 |
Europe |  |  | 6,232,200 |  |  |  | 5,707,127 |
Asia - Pacific |  |  | 40,254,321 |  |  |  | 32,110,574 |
|  |  | 51,951,261 |  |  |  | 43,352,884 |
Revenue from affiliated customers |  |  |  |  |  |  |  |
Europe |  |  | 4,437,917 |  |  |  | 1,652,077 |
Asia - Pacific |  |  | 8,161,015 |  |  |  | 6,043,617 |
|  |  | 12,598,932 |  |  |  | 7,695,694 |
Consolidated |  | $ | 64,550,193 |  |  | $ | 51,048,578 |
Intercompany revenue |  |  |  |  |  |  |  |
Europe |  | $ | 558,645 |  |  | $ | 302,812 |
Asia - Pacific |  |  | 4,807,276 |  |  |  | 4,620,426 |
Eliminated |  | $ | 5,365,921 |  |  | $ | 4,923,238 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (3,252,340 | ) |  | $ | (3,665,755 | )
North America |  |  | 635,203 |  |  |  | 221,433 |
Europe |  |  | 1,576,176 |  |  |  | (1,262,222 | )
Asia - Pacific |  |  | 6,098,102 |  |  |  | (542,628 | )
Consolidated |  | $ | 5,057,141 |  |  | $ | (5,249,172 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | 16,148 |
North America |  |  | 35,268 |  |  |  | 165,240 |
Europe |  |  | 172,755 |  |  |  | 665,826 |
Asia - Pacific |  |  | 6,944,116 |  |  |  | 9,496,600 |
Consolidated |  | $ | 7,152,139 |  |  | $ | 10,343,814 |
Interest expense: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 6,236 |  |  | $ | 13,783 |
North America |  |  | 117 |  |  |  | 1,588 |
Europe |  |  | 40,302 |  |  |  | 52,926 |
Asia - Pacific |  |  | 217,856 |  |  |  | 98,665 |
Consolidated |  | $ | 264,511 |  |  | $ | 166,962 |
Income tax expense: |  |  |  |  |  |  |  |
Europe |  | $ | 46,691 |  |  | $ | 1,244 |
Asia - Pacific |  |  | 605,855 |  |  |  | 412,254 |
Consolidated |  | $ | 652,546 |  |  | $ | 413,498 |
The following table presents a summary of capital expenditures for the years ended June 30:
|  | 2016 |  |  | 2015 |
Capital expenditures: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | 3,439 |
North America |  |  | 66,764 |  |  |  | 47,497 |
Europe |  |  | 417,861 |  |  |  | 140,870 |
Asia - Pacific |  |  | 2,851,296 |  |  |  | 3,366,906 |
Consolidated |  | $ | 3,335,921 |  |  | $ | 3,558,712 |
Geographic Information Disclosed in the table below is geographic information for each country that comprised greater than five percent of total revenues for the years ended June 30 2016 and 2015.
|  | June 30, 2016 |  |  | June 30, 2015 |
|  | Revenue |  |  | Long-lived Assets |  |  | Revenue |  |  | Long-lived Assets |
China |  | $ | 17,276,250 |  |  | $ | 19,851 |  |  | $ | 15,119,518 |  |  | $ | 27,453 |
Thailand |  |  | 6,428,041 |  |  |  | 309,498 |  |  |  | 4,842,577 |  |  |  | 123,097 |
USA |  |  | 5,843,204 |  |  |  | 5,360,684 |  |  |  | 7,190,905 |  |  |  | 4,715,670 |
UK |  |  | 16,894,973 |  |  |  | 4,036,925 |  |  |  | 10,641,565 |  |  |  | 4,075,864 |
Pakistan & India |  |  | 1,842,046 |  |  |  | 43,047,590 |  |  |  | 1,868,090 |  |  |  | 48,457,329 |
Australia & New Zealand |  |  | 4,308,784 |  |  |  | 30,259 |  |  |  | 2,672,265 |  |  |  | 37,303 |
Mexico |  |  | 1,542,530 |  |  |  | - |  |  |  | 1,202,832 |  |  |  | - |
Indonesia |  |  | 6,201,642 |  |  |  | - |  |  |  | 5,212,919 |  |  |  | - |
Other Countries |  |  | 4,212,723 |  |  |  | 2,782 |  |  |  | 2,297,907 |  |  |  | 14,953 |
Total |  | $ | 64,550,193 |  |  | $ | 52,807,589 |  |  | $ | 51,048,578 |  |  | $ | 57,451,669 |
Disclosed in the table below is the reconciliation of revenue by each entity and country disclosed above for the years ended June 30 2016 and 2015.
|  | Revenues 2016 |
|  | Total |  |  | China |  |  | Thailand |  |  | USA |  |  | UK |  |  | Pakistan & India |  |  | Australia & New Zealand |  |  | Mexico |  |  | Indonesia |  |  | Other Countries |
North America: |  | $ | 5,464,740 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,922,210 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,542,530 |  |  | $ | - |  |  | $ | - |
Europe: |  |  | 10,670,117 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,446,098 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 224,019 |
Asia-Pacific: |  |  | 48,415,336 |  |  |  | 17,276,250 |  |  |  | 6,428,041 |  |  |  | 1,920,994 |  |  |  | 6,448,875 |  |  |  | 1,842,046 |  |  |  | 4,308,784 |  |  |  | - |  |  |  | 6,201,642 |  |  |  | 3,988,704 |
Total |  | $ | 64,550,193 |  |  | $ | 17,276,250 |  |  | $ | 6,428,041 |  |  | $ | 5,843,204 |  |  | $ | 16,894,973 |  |  | $ | 1,842,046 |  |  | $ | 4,308,784 |  |  | $ | 1,542,530 |  |  | $ | 6,201,642 |  |  | $ | 4,212,723 |
|  | Revenues 2015 |
|  | Total |  |  | China |  |  | Thailand |  |  | USA |  |  | UK |  |  | Pakistan & India |  |  | Australia & New Zealand |  |  | Mexico |  |  | Indonesia |  |  | Other Countries |
North America: |  | $ | 5,535,183 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,332,351 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,202,832 |  |  | $ | - |  |  | $ | - |
Europe: |  |  | 7,375,527 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,094,304 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 281,223 |
Asia-Pacific: |  |  | 38,137,868 |  |  |  | 15,119,518 |  |  |  | 4,842,577 |  |  |  | 2,858,554 |  |  |  | 3,547,261 |  |  |  | 1,868,090 |  |  |  | 2,672,265 |  |  |  | - |  |  |  | 5,212,919 |  |  |  | 2,016,684 |
Total |  | $ | 51,048,578 |  |  | $ | 15,119,518 |  |  | $ | 4,842,577 |  |  | $ | 7,190,905 |  |  | $ | 10,641,565 |  |  | $ | 1,868,090 |  |  | $ | 2,672,265 |  |  | $ | 1,202,832 |  |  | $ | 5,212,919 |  |  | $ | 2,297,907 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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